Pacific Life Fund Advisors LLC Sells 35,188 Shares of Avantis Real Estate ETF $AVRE

Pacific Life Fund Advisors LLC cut its stake in Avantis Real Estate ETF (NYSEARCA:AVRE) by 50.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 35,254 shares of the company’s stock after selling 35,188 shares during the quarter. Avantis Real Estate ETF comprises approximately 0.2% of Pacific Life Fund Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Pacific Life Fund Advisors LLC’s holdings in Avantis Real Estate ETF were worth $1,557,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CCM Investment Group LLC bought a new position in shares of Avantis Real Estate ETF in the first quarter worth $51,427,000. Focus Partners Wealth acquired a new stake in Avantis Real Estate ETF during the first quarter worth about $13,075,000. Focus Partners Advisor Solutions LLC grew its stake in Avantis Real Estate ETF by 464.4% during the second quarter. Focus Partners Advisor Solutions LLC now owns 322,564 shares of the company’s stock worth $14,244,000 after buying an additional 265,416 shares in the last quarter. Simplicity Wealth LLC increased its holdings in Avantis Real Estate ETF by 113.4% in the 2nd quarter. Simplicity Wealth LLC now owns 207,576 shares of the company’s stock valued at $9,167,000 after buying an additional 110,301 shares during the period. Finally, LexAurum Advisors LLC increased its holdings in Avantis Real Estate ETF by 47.0% in the 2nd quarter. LexAurum Advisors LLC now owns 199,629 shares of the company’s stock valued at $8,816,000 after buying an additional 63,794 shares during the period.

Avantis Real Estate ETF Trading Down 1.4%

Shares of Avantis Real Estate ETF stock opened at $43.91 on Friday. The company has a market cap of $658.65 million, a PE ratio of 28.60 and a beta of 0.93. The company has a 50 day moving average of $44.46 and a 200-day moving average of $44.25. Avantis Real Estate ETF has a 1-year low of $37.71 and a 1-year high of $46.21.

About Avantis Real Estate ETF

The Avantis Real Estate ETF (AVRE) is an exchange-traded fund that is based on the S&P Global REIT index. The fund is an actively managed fund that provides broad exposure to real estate securities around the world. AVRE was launched on Sep 28, 2021 and is managed by American Century Investments.